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I think it's prime time for financial products and here is why

For three years I've been building wallet infrastructure at Openfort, helping apps embed self-custodial accounts for millions of users.

But every time I wanted to short a stock after earnings, trade tokenized TSLA, or get exposure to pre-IPO SpaceX, I hit the same wall: permissioned platforms, private markets, and someone else asking for my data.

And the fees? Let's talk about those.

Traditional banks charges €20 minimum per US trade — on a €1,000 position, that's 2% gone before the market even moves. Modern brokers gets you down to ~€4.50. Neobanks to ~€2.50. Better, but still death by a thousand cuts if you're an active trader with a small portfolio.

Over 50 trades a year at banks's rate, you're handing back €1,000 — your entire position size — just in fees. That's not investing. That's paying to play.

So we built Farao (Try here: https://getfarao.com).

It's a self-custodial trading app that lets you long or short stocks, crypto, pre-IPO shares, and indexes — up to 40x leverage, 24/7. Fund in USDC.

Our fee: 0.095% — under 1 basis point per trade.

On that same €1,000 position, that's €0.95. On 50 trades, it's €47.50 vs €1,000+ with a traditional broker.

No broker. No bank. No gatekeeper.

In our first month, beta traders opened positions on tokenized TSLA, gold, and pre-IPO SpaceX — all from their phones.

The old rails were built for institutions. Farao was built for everyone else.

posted to Icon for group Ideas and Validation
Ideas and Validation
on May 14, 2026
  1. 1

    The strongest part here is not just lower fees. It is the access layer: stocks, crypto, pre-IPO exposure, shorting, leverage, 24/7, USDC funding, and no traditional broker gatekeeping. That is a much bigger positioning idea than “cheaper trading.”

    I’d be careful not to lead only with fee comparison, because low-fee trading can sound like another broker pitch. The sharper frame is permissionless market access for people blocked by traditional rails. That makes Farao feel more like modern financial infrastructure than just a trading app.

    One thing I’d watch is the name. Farao is short and memorable, but if this becomes a serious self-custodial market-access platform, a stronger infrastructure-style .com like Exirra.com could carry more trust than a brand that feels slightly abstract for finance.

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